Given their sheer size, millennials (or Gen Y) are definitely making their mark in the world, edging out baby boomers and Gen Xers in various industries. Currently, millennials in the workplace make up roughly one-third of the global workforce. Attracting millennials is now a multi-pronged opportunity for companies. Millennials truly are a segment of society that needs to be understood to create a significant impact on businesses. By 2050, they will have made up half of the work population across the globe. This is now a growing priority for companies in how they hire, retain, and engage this growing workforce. If companies fail to discern the potentials of the millennials and evolve their company culture they are risking their business’ viability and growth.
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